by Canadian Press 18 Apr 2018 by Andy Blatchford The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. The central bank, which kept its rate at 1.25 per cent...
The Canadian Press VICTORIA -- British Columbia is trying to more directly target urban areas with changes it announced Monday to a proposed tax on property speculation after some municipalities demanded exemptions and the Opposition accused the New Democrats of grabbing family assets. Finance Minister Carol James...
by The Canadian Press 07 Mar 2018 The Bank of Canada kept its key interest rate target on hold as it pointed to a climate of broadening, important unknowns around trade. In explaining its decision to maintain its benchmark rate at 1.25 per cent, the central...
by The Canadian Press 22 Nov 2017 Liberals look to ease affordability concerns with release of housing strategy The plan will put a heavy focus on housing supply building tens of thousands of affordable housing units over the next decade and repurposing other cash to...
by Steve Randall 16 Nov 2017 BC home sales up 19% in a year Home sales in British Columbia reached 8,677 in October, more than 19% higher than the same month of 2016. British Columbia Real Estate Association says that total sales dollar volume was...
THE CANADIAN PRESS Nov. 16, 2017 7:30 a.m. BUSINESS The Bank of Canada remains cautious about future rate hikes as it measures the risk posed by low inflation that continues to fall short of the central bank’s two per cent target, senior deputy governor Carolyn Wilkins said Wednesday....
by Steve Randall 26 Oct 2017 Interest rates held, economists react to dovish BoC The Bank of Canada held interest rates steady at 1% and signalled a cautious approach to future rate rises. The bank is forecasting a continued rise in inflation, reaching 2% in...
OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. The revised Residential Mortgage Underwriting Practices and Procedures will take effect from January 1, 2018 and include several key changes that...
by Steve Randall 13 Oct 2017 BC home sales jumped 10% last month Home sales in British Columbia were up 9.9% in September, with real estate agents selling 8,340 units. The average price of homes sold through the MLS system was up 18.5% year-over-year to...
In its latest study, real estate team HM Commercial Group found that Kelowna is poised to distinguish itself in the B.C. housing market through its accelerated pace of building in the residential segment. “Demand for all forms of housing remains exceptionally strong and the City of...